the impact of mobility on credit unions: what to expect
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The Impact of Mobility on Credit Unions: What to Expect Presented by Shahab Choudhry, Co-Founder and Partner at Propelics, Inc at America's Credit Union Conference 2012 in San Diego, CA on June 19, 2012TRANSCRIPT
The Impact of Mobility on Credit Unions: What to Expect
Shahab Choudhry June 19, 2012
At Propelics we believe mobility will bring disruptive change to businesses. Propelics helps companies prepare for this
change.
We develop mobile strategies and
mobile apps for the enterprise.
Shahab Choudhry
Mobility Strategist Co-Founder - Propelics
http://www.linkedin.com/in/
shahabchoudhry
@shahabchoudhry
Q: What are the emerging trends related to mobility?
4
Methods of customer �interaction will change
Source: Morgan Stanley, 2011
Source: Flurry Analy7cs, 2011
43�Minutes
64�Minutes
66�Minutes
70�Minutes
81�Minutes 74�
Minutes
94�Minutes
72�Minutes
Increased expectations �for rich experience
70% of professionals claim that the
iPad has completely or
partially replaced their
laptop
8
90%
of CIOs are expecting to deploy mobile applications within their company in the
next 12 months Source: Kelton Research, 2011
Point of View – The Law of Three
10
Member Apps for Credit Unions
11
Branded Apps are Growing
Apps are �starting to look
the same
Accounts Transactions
Transfers Locations
Calculators Payments Deposits
12
97%
of organizations indicated �that either some or all of �
their employees had �employee-liable devices
Source: AppCentral Survey 2011
Disruptive Change
Impact on Credit Unions?
• Which areas of the business should be the focus? • How can we leverage mobility as a differentiator? • What is the business transformation opportunity with mobility? • How can we leverage mobility to better interact with our
members? Employees? • How do we simplify our processes for mobile use? • What is our readiness – business and IT? • What is the right security policy? Device, App, data? • What type of devices should be supported? What about
BYOD? • How do we integrate these devices with our corporate data
stores? …and many more
How to get ahead of the game
�
Chaos – Confusion – Order
7 Key Considerations
Accounts Transactions
Transfers Locations
Calculators Payments Deposits
1. Build or Buy a Member App
17
“Table Stakes”
Brand Perception Beyond Gen X
Unbanked & Unbanked
Focus Groups and Market Research will not tell you
how to innovate
Users are very vocal
2. Think Beyond Member Apps
Member Employee 1 on 1
18
3. An App is Not a Strategy
Not all App Ideas are Good Ideas
Avoid the Wild West of App Development
Scenario Identification
App Prioritization
Roadmap of Value
19
4. Think Scenarios, Not Point Apps
Tell the story, answer questions, �build a relationship, close the transaction
Enterprise Systems Documents and Presentations
Video
Forms Signature
Account Opening
20
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5. Simplifying the Enterprise
Dichotomy between the �Complex Enterprise and the �
Simple Elegance of Mobile Apps 22
6. Begin Your MDM Roadmap
Policies
Metrics
Governance
Technology @propelics #iPadEnt
4. User Experience is Everything
Immersive Experience
Foster Interactions
UX ≠ UI
@propelics #iPadEnt
7. Focus on User Experience
Mobile Strategy for
Credit Unions
IT Governance and Policies
Services and integration Security and Risk Management
Device Management App Development methodology
Architecture
Technology Considerations
Enterprise Mobility
Strategy
Business Drivers
Customer Interaction strategies
Mobility Perspectives
Growth
Competitive differentiation
Brand Perception
Penetration
Customer Satisfaction Retention & Loyalty
Cross Industry Considerations
Regulatory Considerations
Thank you!
http://propelics.com/acuc • Download this Presentation • Links to 3 Kickstart Offers • “Realize the True Benefit” ebook